Initial jobless claims fall 19,000 to 234,000, return near postrecession lows

The numbers: The number of people who applied for jobless benefits in early February fell back toward recent postrecession lows after a holiday-related spike pushed them to a 16-month high at the end of last month. Initial jobless claims, a rough way to measure layoffs, declined by 19,000 to a seasonally adjusted 234,000 in the seven days ended Feb. 2, […]

Read more

U.S. gains 304,000 jobs at start of 2019 as firms continue to hire at blistering pace

The numbers: The U.S. gained 304,000 new jobs in January, another show of strength for an economy that’s still growing soundly even in the face of more headwinds. Economists polled by MarketWatch had expected a gain of 172,000 nonfarm jobs, but mainly because hiring in December had seemed so strong. Instead the government slashed its original estimate of new jobs […]

Read more

Lululemon Gains After Boosting Quarterly Sales, Profit Forecast

Investors are happy about at least one retailer’s holiday season: Shares of Lululemon Athletica Inc. jumped on Monday after the yogawear company increased its fourth-quarter guidance for sales and profit. Lululemon said comparable-store sales, a key gauge of retail success, increased in the high-single to low-double digits for the current quarter, which ends Feb. 3. The company also sees total […]

Read more

US hiring slowed to 155K jobs, jobless rate stayed 3.7%

Interested in Jobs Report? U.S. employers added just 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. Average hourly pay […]

Read more

U.S. job openings fall from record high, but there’s still more jobs available than the number unemployed Americans

The numbers: The number of job openings in the U.S. fell in September just a month after setting an all-time high, but companies are still scrambling to find workers and offering higher pay and benefits to attract them. Job openings slipped to 7 million on the last day of September from a record 7.3 million in August, dating to when […]

Read more

Higher pay for workers under microscope as Wall Street braces for October jobs report

When the economy generates so many new jobs that the unemployment rate falls to a nearly 50-year low, wages and salaries for American workers are bound to rise. Here’s what to watch in the employment report for October due Friday morning. Earlier this week the government said wages and salaries for workers in the private sector rose by 3.1% in […]

Read more